A Spanish company says they will send the first tourists to their planned orbital hotel in about 3 years:

The Barcelona-based architects of Galactic Suite say the space hotel will be the most expensive in the galaxy, costing â‚¬3 million, or $4.5 million, for a three-night stay. During that time guests would see the sun rise 15 times a day and travel around the world every 90 minutes.

Galactic Suite’s CEO said the project will put them at the forefront of an infant industry with a huge future ahead of it. Company Director Xavier Claramunt believes that within a few years space travel will become a common occurrence.

“It is very normal to think that your children, possibly within 15 years, could spend a weekend in space,” he added.

Since announcing the venture in 2007, the company has been mostly operating in stealth mode. There are few details about hardware, who is building it, or the schedule for test flights.